By Hakan Ersen FRANKFURT (Reuters) – The head of Germany’s cartel office has warned that artificial intelligence may boost Big Tech’s market power and regulators should be on the lookout for any anti-competitive behaviour. The comments by Andreas Mundt underscore regulatory concerns that tech giants, with their vast troves of user data, may get a …
German antitrust head warns AI may boost Big Tech’s dominance Read More »
AMSTERDAM (Reuters) – The maker of Ketel One vodka has launched a management-backed offer to buy Dutch gin and spirits maker Lucas Bols for 269.5 million euros ($284.51 million), the companies said on Monday. The Nolet Group, also of the Netherlands, said it has agreed to offer 18 euros in cash per share for Bols, …
Ketel One owner offers $285 million for Dutch gin maker Lucas Bols Read More »
WASHINGTON (Reuters) – The longer inflation remains above target the more aggressive central bankers need to be in reacting to it, Bank of England policy committee member Catherine Mann said on Monday, arguing policymakers need to address not just high inflation today but the risk of rising expectations in the future. Policy “has to be …
BOE’s Mann: Possible ‘drift’ in expectations requires more aggressive policy Read More »
PARIS (Reuters) – Airbus on Monday confirmed it had delivered 55 aircraft in September, bringing the nine-month total to 488 jets. Deliveries included the first A350 for Air India, part of a batch of six originally sold to Russia’s Aeroflot. Air India placed orders for 470 Airbus and Boeing jets earlier this year. Deliveries were …
By Lewis Krauskopf and Naomi Rovnick (Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Israel’s troops were battling on Monday to clear out Hamas gunmen more than two days after they burst across the fence from Gaza on a deadly …
Investors on guard for oil price spike amid Middle East turmoil Read More »
By Danilo Masoni and Sruthi Shankar (Reuters) -Shares in U.S.- and European-listed companies with business exposure to Israel fell on Monday as investors worried that an escalation in the conflict with Palestinian Islamist group Hamas would impact their operations. The Israeli military continued to battle on Monday to clear Hamas gunmen from its territory more …
Israel-exposed stocks fall amid investor worries over Middle East conflict Read More »
By Pietro Lombardi MADRID (Reuters) -The European Union will do all it can to halt fossil fuel use as part of its “ambitious” position at the upcoming COP28 climate summit despite some differences among EU countries, the bloc’s new climate chief Wopke Hoekstra said on Monday. “Our ambition is indeed to do as much as …
EU will do ‘as much as possible’ to drive out fossil fuels, climate chief says Read More »
By Douglas Gillison, Joanna Plucinska and Sophie Yu (Reuters) – Major international air carriers suspended or scaled back flights to or from Tel Aviv after a surprise attack by Hamas militants on Israel over the weekend, saying they were waiting for safety conditions to improve. About 50% of scheduled Tel Aviv flights did not operate …
Major airlines suspend flights after attack on Israel Read More »
By Kate Abnett BRUSSELS (Reuters) – France has proposed that the European Union gradually impose methane emissions limits on gas imported into the 27-country bloc, a move that would attempt to leverage Europe’s position as a major fossil fuel buyer to tackle the potent greenhouse gas. Methane is the second biggest cause of climate change …
France wants methane curbs on Europe’s fossil fuel imports -document Read More »
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy is lobbying its European Union partners with increasing urgency to approve more flexible budget rules, according to government sources, as bond spreads widen and Rome fears that deviations from its 2024 spending targets will trigger a disciplinary procedure from Brussels. Giorgia Meloni’s government is particularly …
Italy, fearing Eurostat deficit revision, seeks EU flexibility Read More »
